Smes

ARTICLES ABOUT SMES BY DATE - PAGE 3

VADODARA: Microsoft will open the country's first Digital Experience Centre here in collaboration with the Vadodara Chamber of Commerce and Industry . "Managed by Microsoft's distributor Ingram Micro , the centre will help businesses, institutions, partners and individuals gain a first-hand experience of modern technologies on devices running Microsoft software, including Windows apps and Office 365.Microsoft," Manohar Hotchandani, Director,...

NEW DELHI: The BSE today asked trading members to ensure that 10 per cent of the transaction value is available as deposits with regard to listing of SMEs on institutional trading platform (ITP). The bourse said that brokers have to ensure that "10 per cent of the transaction value is available as deposits with the exchange or clearing corporation. " In case a member fails to fulfil his settlement obligation pertaining to buy or sell trade, then the concerned ITP trade would stand closed out and a charge of 10 per cent of the obligation amount unfulfilled by the broker would be levied on him, the exchange said.

NEW DELHI: Small and medium enterprises (SMEs) remain optimistic about the domestic economy and expect their turnover to expand at 7.5 per cent over the next 1-2 years, a report said. According to a study by American Express and Jet Airways carried out in association with Crisil , a majority of the respondents see economic growth rebounding, albeit at a moderate pace. "Around 69 per cent of the respondents expect their turnover to expand at 7.5 per cent over the next 1-2 years, with large and established SMEs anticipating a double-digit growth in the same period," the study noted.

By: Rajat Gandhi Prime Minister Narendra Modi recently talked about taking India from a $2-trillion economy to a $20-trillion one. We are to get to that figure by ramping up our manufacturing sector and increasing our share of exports substantially. However, for that to happen, we would firstly need to mobilize a lot of money. In a country with one of the highest savings rate in the world at about 30 %, India needs about another five percentage point increase in saving to clock GDP growth of 7-8 % every year.

NEW DELHI: Capital-based startup venture industrybuying.com, which sells industrial goods to companies through e-commerce, plans to raise up to $ 15 million (about Rs 95 crore) in the second round of funding this year. The company is looking for funds to finance to expansion of its network, back-end operations and have bases in places such as Mumbai, Pune, Bangalore, Chennai and Ahmedabad or Suart to augment its offering and delivery network. "We would be raising $ 10-15 million in couple of months to strengthen our offerings and product range.

HYDERABAD: Indian technology startups that cater to small businesses across the world are waking up to the potential at home, using mobile apps to tap the country's numerous small and medium enterprises (SMEs) with offerings in areas such as search-engine optimisation and analytics. Proliferation of smartphones in India has made it possible for startups such as Nowfloats , Whatfix and Zoho , which count the US as their primary market, to gain a foothold in the largely untapped domestic SME sector through mobile applications, offering these firms basic features for free with an aim to turn them into paying customers once they are hooked.

HANNOVER: To boost business ties between India and Germany with particular emphasis on the SME sector, engineering exporters' body EEPC India has signed an agreement with the German Association for Small and Medium-sized Businesses (BVMW) here. "The MoU was signed after Prime Minister Narendra Modi inaugurated the India Pavillion at the Hannover Messe on April 13," EEPC India said in a release. Around 350 Indian firms are participating in the Hannover Messe, showcasing India's prowess in high technology areas.

MUMBAI: In a move to become more inclusive, the National Association for Software and Services Companies will invite leaders of smaller-and-medium-sized companies to sit on its executive board and on the boards of its sectoral councils, BVR Mohan Reddy, chairman of the industry body, said. Inclusiveness is one of Mohan Reddy's key priorities as he takes over as Chairman of Nasscom for 2015-2016. Reddy's role as Vice Chairman has been filled by Tech Mahindra Chief Executive C P Gurnani.

NEW DELHI: As many as 18 small and medium enterprises have lined up their initial public offers (IPOs) to fund business expansion and meet working capital requirements. These companies, which are planning to list on BSE's SME platform, are expected to float IPOs in the coming months. BSE has already given go-ahead to 12 SMEs, while another six have filed their draft offer documents with the exchange and are awaiting its approval, the bourse said in a statement. According to market experts, current market conditions are favourable for companies looking to garner funds through the IPO route.

KOLKATA: Experts from the UK and other European nations are on a mission to introduce green and lean initiatives in Indian small and medium-sized enterprises. As part of a Rs 5.5 crore project funded by Kolkata's Jadavpur University and UK's Aston University , international experts in operations management are sharing best practices in the supply and value chain. "The idea is to improve small and medium-sized enterprises (SMEs) performance by implementing a green supply chain management model which is based on sustainablity.